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High Voltage: Here’s why those lithium super profits aren’t slowing down any time soon
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- ASX lithium miners are raking it in, a trend set to continue for a while yet
- CATL’s new batteries travel an impressive +1,000km between each charge
- Last week’s top ASX performers: Anson, White Cliff, Dart Mining
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.
Here’s why those lithium super profits aren’t going anywhere
Lithium is one of the best performing metals of 2022.
Year-to-date Chinese battery-grade lithium carbonate prices have risen by 90% while lithium hydroxide is up by 127%. Prices for spodumene (6% Li2O) have risen by 189% year-to-date, according to Benchmark.
ASX lithium miners are currently raking it in, a trend set to continue for a while yet.
Here’s Benchmark Mineral Intelligence’s latest supply-demand predictions out to 2030, and beyond:
Between now and 2025: Supply will struggle to keep up with demand.
“In the short-term, continued robust electric vehicle demand globally and record-breaking heat and drought in the southwest of China [which is curtailing lithium supply] are the key drivers for the market,” Benchmark says.
Longer-term, there is very little additional lithium production capacity coming online before late 2023 and early 2024, according to Benchmark, and many projects are still being delayed.
“High prices are incentivising accelerated capital spending which will bring forward the timeline for a number of development stage projects, however the speed of these expansions are struggling to keep pace with growing demand,” Andrew Miller, chief operating officer at Benchmark, said.
Market becomes more balanced around 2026.
In the next four years additional supply will push prices to more stable levels, Benchmark says.
But then it blows out again. Massively.
“The supply deficit is expected to worsen from 2030 onwards, as demand grows by another 1 million tonnes LCE in a few years,” Benchmark says.
Just check out that cascading shortfall from 2030. Certainly good news for quality lithium plays, from early-stage explorers through to the producers.
CATL’s new batteries travel +1,000km between each charge
Do you regularly drive long distances? Worried about EV range?
China-based Contemporary Amperex Technoloy Co (CATL), one of world’s largest EV battery manufacturers, says the new mass-produced Qilin batteries can travel over 1,000km between each charge.
That would easily take you from Melbourne to Sydney, Perth to Carnarvon, or Hobart to Launceston and back 2.5 times.
They are also 13% more powerful than Tesla’s own 4680 battery, it says.
“With a record-breaking volume utilization efficiency of 72% and an energy density of up to 255 Wh/kg, it achieves the highest system integration level worldwide so far,” it says.
“Moreover, by adopting the trail-blazing large-surface cell cooling technology, Qilin supports a hot start in 5 minutes and fast charging in 10 minutes.
“With the same chemical system and the same pack size, it can deliver 13% more power than [Tesla’s] 4680 battery, accomplishing an all-round improvement in range, fast-charging, safety, service life, efficiency and low-temperature performance.”
Geely’s ZEEKR and Sokon Group’s SERES brands will be the first to use Qilin batteries, with rollout pencilled in for early 2023.
The ZEEKR 001 will be the world’s first EV equipped with @catl_official Qilin batteries capable of 1,000km range⚡️ https://t.co/xKXEieZKkB
— ZEEKR | Official (@OfficialZeekr) August 27, 2022
Battery Metals Winners and Losers
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>
Battery metals stocks missing from our list? Shoot a mail to [email protected]. Be nice, he’s fragile.
| CODE | COMPANY | 1 WEEK RETURN % | 1 MONTH RETURN % | 6 MONTH RETURN % | 1 YEAR RETURN % | PRICE | MARKET CAP |
|---|---|---|---|---|---|---|---|
| WCN | White Cliff Min Ltd | 75% | 91% | -13% | 91% | 0.021 | $10,457,653.79 |
| ASN | Anson Resources Ltd | 58% | 142% | 186% | 242% | 0.315 | $292,955,015.48 |
| DTM | Dart Mining NL | 56% | 64% | 20% | 14% | 0.12 | $16,907,520.00 |
| RR1 | Reach Resources Ltd | 50% | 100% | -25% | 0% | 0.006 | $8,595,227.88 |
| KFM | Kingfisher Mining | 41% | 71% | 82% | 128% | 0.41 | $9,246,150.27 |
| AOA | Ausmon Resorces | 33% | 33% | 14% | 23% | 0.008 | $6,858,314.74 |
| LNR | Lanthanein Resources | 33% | 225% | 93% | 198% | 0.052 | $49,104,104.07 |
| AM7 | Arcadia Minerals | 28% | 79% | 16% | 32% | 0.25 | $11,907,962.46 |
| ADD | Adavale Resource Ltd | 25% | 45% | -5% | -35% | 0.035 | $13,121,189.94 |
| HAS | Hastings Tech Met | 24% | 33% | 1% | 36% | 5.44 | $504,199,666.25 |
| LOT | Lotus Resources Ltd | 22% | 5% | -9% | 54% | 0.2625 | $295,977,460.17 |
| EMT | Emetals Limited | 20% | 9% | -29% | -40% | 0.012 | $9,350,000.00 |
| CML | Chase Mining Limited | 18% | 38% | 38% | -3% | 0.0165 | $7,490,124.18 |
| SYR | Syrah Resources | 18% | 22% | 27% | 49% | 1.795 | $1,149,209,167.44 |
| IMI | Infinitymining | 18% | 67% | 14% | 0% | 0.2 | $11,500,000.00 |
| NWM | Norwest Minerals | 17% | 17% | -2% | -29% | 0.054 | $9,030,369.35 |
| GAL | Galileo Mining Ltd | 15% | 11% | 532% | 329% | 1.2 | $246,760,325.00 |
| JRV | Jervois Global Ltd | 15% | 31% | -27% | 20% | 0.5225 | $782,671,744.92 |
| SRL | Sunrise | 15% | 8% | 62% | 75% | 2.95 | $243,156,273.30 |
| BUX | Buxton Resources Ltd | 14% | 50% | 20% | 60% | 0.12 | $17,499,491.28 |
| FRS | Forrestaniaresources | 13% | 13% | -45% | 0% | 0.17 | $5,838,228.20 |
| GME | GME Resources Ltd | 13% | 13% | 120% | 141% | 0.13 | $69,046,117.07 |
| MMC | Mitremining | 13% | 8% | -35% | 0% | 0.13 | $3,521,063.00 |
| TMT | Technology Metals | 13% | -11% | 17% | -8% | 0.35 | $69,242,103.81 |
| PLS | Pilbara Min Ltd | 13% | 29% | 32% | 72% | 3.57 | $10,394,430,572.81 |
| AKE | Allkem Limited | 13% | 25% | 55% | 69% | 14.07 | $8,793,305,005.94 |
| DEV | Devex Resources Ltd | 12% | 52% | 19% | 78% | 0.41 | $133,034,097.92 |
| ILU | Iluka Resources | 11% | 12% | 2% | 19% | 10.71 | $4,399,331,955.39 |
| THR | Thor Mining PLC | 11% | 0% | -23% | -23% | 0.01 | $9,680,079.51 |
| MIN | Mineral Resources. | 11% | 27% | 51% | 31% | 68.14 | $12,119,767,494.39 |
| PLL | Piedmont Lithium Inc | 10% | 46% | 30% | 22% | 0.895 | $456,348,742.00 |
| OMH | OM Holdings Limited | 10% | 9% | -29% | -7% | 0.695 | $531,808,802.64 |
| MLX | Metals X Limited | 9% | -8% | -52% | 9% | 0.29 | $235,889,177.42 |
| IGO | IGO Limited | 8% | 19% | 20% | 43% | 13.13 | $9,594,583,190.71 |
| WR1 | Winsome Resources | 8% | 44% | -20% | 0% | 0.26 | $32,427,358.56 |
| ALY | Alchemy Resource Ltd | 8% | 58% | 58% | 50% | 0.0205 | $19,061,481.14 |
| MOH | Moho Resources | 8% | 17% | -42% | -53% | 0.028 | $4,485,503.63 |
| VML | Vital Metals Limited | 7% | 2% | -4% | -36% | 0.044 | $229,845,902.92 |
| AXE | Archer Materials | 7% | 21% | -9% | -51% | 0.895 | $181,381,061.11 |
| WC8 | Wildcat Resources | 7% | 29% | 7% | 29% | 0.031 | $18,067,636.36 |
| VRC | Volt Resources Ltd | 6% | 6% | 36% | -37% | 0.019 | $63,092,611.76 |
| AQD | Ausquest Limited | 6% | 0% | 12% | 0% | 0.019 | $15,677,835.24 |
| MCR | Mincor Resources NL | 5% | 11% | 7% | 61% | 2.14 | $988,158,802.80 |
| CTM | Centaurus Metals Ltd | 5% | 13% | -8% | 13% | 1.115 | $457,003,712.11 |
| INF | Infinity Lithium | 5% | 9% | 17% | 61% | 0.1525 | $64,327,025.23 |
| GT1 | Greentechnology | 5% | 8% | -5% | 0% | 0.725 | $129,910,098.32 |
| LIT | Lithium Australia | 5% | 17% | -21% | -34% | 0.083 | $85,938,973.98 |
| BRB | Breaker Res NL | 4% | 21% | -2% | 18% | 0.235 | $74,943,413.67 |
| KZR | Kalamazoo Resources | 4% | 9% | -16% | -32% | 0.245 | $34,846,649.76 |
| PNT | Panthermetalsltd | 4% | 7% | 9% | 0% | 0.245 | $6,670,000.00 |
| OCN | Oceanalithiumlimited | 4% | 35% | 0% | 0% | 0.62 | $20,785,500.00 |
| CAE | Cannindah Resources | 4% | 11% | -22% | 298% | 0.255 | $136,243,534.50 |
| STK | Strickland Metals | 4% | -15% | -9% | 41% | 0.052 | $73,330,218.05 |
| PVW | PVW Res Ltd | 4% | -4% | -57% | 50% | 0.27 | $24,185,687.50 |
| CLA | Celsius Resource Ltd | 4% | -16% | -41% | -46% | 0.0135 | $20,173,968.58 |
| TLG | Talga Group Ltd | 4% | -1% | 4% | 7% | 1.37 | $423,914,581.41 |
| NKL | Nickelxltd | 4% | 12% | 0% | -40% | 0.14 | $8,383,500.00 |
| WMG | Western Mines | 4% | -20% | -18% | -24% | 0.14 | $5,128,550.00 |
| ARU | Arafura Resource Ltd | 4% | -16% | 55% | 103% | 0.295 | $508,748,611.68 |
| AGY | Argosy Minerals Ltd | 3% | -5% | 27% | 138% | 0.38 | $505,112,748.30 |
| BMM | Balkanminingandmin | 3% | -5% | -32% | -70% | 0.19 | $6,550,000.00 |
| NTU | Northern Min Ltd | 2% | 8% | -14% | 10% | 0.043 | $204,140,634.56 |
| PNN | Power Minerals Ltd | 2% | -1% | 24% | 78% | 0.49 | $28,934,690.37 |
| MLS | Metals Australia | 2% | -7% | 8% | 40% | 0.056 | $32,779,954.31 |
| LPI | Lithium Pwr Int Ltd | 2% | 9% | 6% | 117% | 0.585 | $199,012,563.36 |
| CHN | Chalice Mining Ltd | 2% | -10% | -41% | -31% | 4.34 | $1,557,870,383.16 |
| LTR | Liontown Resources | 1% | 29% | 19% | 126% | 1.705 | $3,623,901,428.40 |
| SCN | Scorpion Minerals | 1% | 22% | 13% | 14% | 0.079 | $26,878,326.55 |
| GLN | Galan Lithium Ltd | 1% | 5% | -8% | 24% | 1.24 | $357,869,610.18 |
| BHP | BHP Group Limited | 1% | 8% | 1% | 5% | 41.85 | $213,726,969,257.64 |
| LEL | Lithenergy | 1% | 1% | 19% | 58% | 0.985 | $44,247,000.00 |
| IPX | Iperionx Limited | 1% | 42% | 14% | -26% | 0.995 | $137,788,481.18 |
| SYA | Sayona Mining Ltd | 1% | 42% | 147% | 99% | 0.2775 | $2,199,177,545.88 |
| CAI | Calidus Resources | 1% | -12% | -19% | 14% | 0.63 | $264,857,931.53 |
| CXO | Core Lithium | 1% | 20% | 80% | 333% | 1.385 | $2,345,213,730.60 |
| NMT | Neometals Ltd | 0% | 21% | 0% | 84% | 1.34 | $690,433,135.00 |
| VIA | Viagold Rare Earth | 0% | 0% | 0% | 4662% | 2 | $166,624,808.00 |
| QXR | Qx Resources Limited | 0% | 3% | -24% | 182% | 0.031 | $24,921,507.31 |
| HNR | Hannans Ltd | 0% | 0% | -32% | 204% | 0.021 | $54,731,701.00 |
| LPD | Lepidico Ltd | 0% | 0% | -3% | 45% | 0.029 | $175,694,163.29 |
| MRD | Mount Ridley Mines | 0% | 25% | -38% | 67% | 0.005 | $29,372,642.20 |
| AVZ | AVZ Minerals Ltd | 0% | 0% | -1% | 263% | 0.78 | $2,752,409,203.44 |
| RLC | Reedy Lagoon Corp. | 0% | 7% | -38% | -17% | 0.015 | $8,361,403.68 |
| MNS | Magnis Energy Tech | 0% | 38% | 10% | 25% | 0.45 | $431,797,509.94 |
| BKT | Black Rock Mining | 0% | -12% | -35% | 0% | 0.15 | $136,824,682.96 |
| SBR | Sabre Resources | 0% | 38% | 38% | 38% | 0.0055 | $19,528,117.06 |
| GED | Golden Deeps | 0% | 33% | 52% | 45% | 0.016 | $17,328,400.71 |
| SGQ | St George Min Ltd | 0% | -13% | -38% | -61% | 0.026 | $18,200,463.01 |
| TKL | Traka Resources | 0% | 0% | -36% | -46% | 0.007 | $4,821,421.93 |
| FFX | Firefinch Ltd | 0% | 0% | -11% | 8% | 0.2 | $236,248,644.20 |
| ATM | Aneka Tambang | 0% | 0% | 4% | 15% | 1.15 | $1,499,196.35 |
| RMX | Red Mount Min Ltd | 0% | 8% | -13% | -22% | 0.007 | $11,496,547.01 |
| GW1 | Greenwing Resources | 0% | 4% | -13% | 0% | 0.26 | $32,660,547.49 |
| LML | Lincoln Minerals | 0% | 0% | 0% | 0% | 0.008 | $4,599,869.49 |
| G88 | Golden Mile Res Ltd | 0% | 23% | -41% | -42% | 0.032 | $6,926,908.88 |
| WKT | Walkabout Resources | 0% | 0% | -16% | -2% | 0.173011 | $78,248,343.26 |
| CNB | Carnaby Resource Ltd | 0% | -9% | -46% | 176% | 0.91 | $130,104,804.60 |
| BNR | Bulletin Res Ltd | 0% | 13% | 13% | 141% | 0.135 | $38,036,843.00 |
| AS2 | Askarimetalslimited | 0% | 26% | -1% | 79% | 0.34 | $14,872,859.10 |
| BYH | Bryah Resources Ltd | 0% | -3% | -38% | -42% | 0.029 | $7,819,097.27 |
| GSM | Golden State Mining | 0% | 38% | -22% | -50% | 0.062 | $7,254,880.65 |
| SHH | Shree Minerals Ltd | 0% | 0% | -40% | -10% | 0.009 | $9,907,895.14 |
| TSC | Twenty Seven Co. Ltd | 0% | 0% | -25% | -25% | 0.003 | $6,652,034.76 |
| WML | Woomera Mining Ltd | 0% | -6% | -12% | -24% | 0.015 | $9,615,662.92 |
| CMO | Cosmometalslimited | 0% | 15% | -14% | 0% | 0.15 | $3,826,500.00 |
| ENT | Enterprise Metals | 0% | -9% | -29% | -28% | 0.01 | $6,529,806.88 |
| AVW | Avira Resources Ltd | 0% | 33% | -20% | -20% | 0.004 | $10,593,950.00 |
| KAI | Kairos Minerals Ltd | 0% | 5% | 32% | 0% | 0.029 | $53,030,524.26 |
| STM | Sunstone Metals Ltd | 0% | -12% | -42% | 83% | 0.044 | $111,647,196.02 |
| G88 | Golden Mile Res Ltd | 0% | 23% | -41% | -42% | 0.032 | $6,926,908.88 |
| MNS | Magnis Energy Tech | 0% | 38% | 10% | 25% | 0.45 | $431,797,509.94 |
| LPM | Lithium Plus | 0% | 41% | 0% | 0% | 0.605 | $28,109,466.00 |
| ODE | Odessa Minerals Ltd | 0% | 10% | 50% | 230% | 0.0165 | $9,131,568.84 |
| OZL | OZ Minerals | 0% | 36% | 1% | 14% | 25.655 | $8,653,159,258.15 |
| S32 | South32 Limited | 0% | 9% | -13% | 44% | 4.17 | $18,930,285,178.56 |
| EMH | European Metals Hldg | -1% | 15% | -37% | -53% | 0.75 | $87,382,559.28 |
| E25 | Element 25 Ltd | -1% | 18% | -34% | -65% | 0.69 | $101,552,395.39 |
| KTA | Krakatoa Resources | -1% | 26% | 38% | 6% | 0.0605 | $21,716,724.77 |
| AZI | Altamin Limited | -1% | -8% | 38% | 10% | 0.088 | $31,729,056.91 |
| AZI | Altamin Limited | -1% | -8% | 38% | 10% | 0.088 | $31,729,056.91 |
| MQR | Marquee Resource Ltd | -1% | 7% | -24% | 27% | 0.076 | $23,040,083.34 |
| GSR | Greenstone Resources | -1% | 54% | 111% | 236% | 0.074 | $82,985,841.43 |
| VR8 | Vanadium Resources | -1% | -4% | 3% | 29% | 0.072 | $33,619,378.55 |
| ZNC | Zenith Minerals Ltd | -2% | -8% | -10% | 53% | 0.305 | $103,428,683.70 |
| DVP | Develop Global Ltd | -2% | 4% | -29% | -24% | 2.36 | $370,784,083.30 |
| COB | Cobalt Blue Ltd | -2% | -2% | 85% | 198% | 0.805 | $262,493,367.92 |
| IXR | Ionic Rare Earths | -2% | 4% | -8% | 42% | 0.047 | $178,139,826.32 |
| LMG | Latrobe Magnesium | -2% | 3% | 0% | 400% | 0.09 | $133,680,525.59 |
| ASO | Aston Minerals Ltd | -2% | -9% | -39% | -41% | 0.088 | $97,990,722.19 |
| ESS | Essential Metals Ltd | -2% | -13% | 31% | 143% | 0.425 | $100,230,386.18 |
| MRR | Minrex Resources Ltd | -3% | 5% | -3% | 241% | 0.0545 | $56,835,329.26 |
| ARL | Ardea Resources Ltd | -3% | -28% | 34% | 97% | 0.905 | $151,066,617.08 |
| RGL | Riversgold | -3% | 33% | 73% | 14% | 0.036 | $25,447,484.11 |
| GL1 | Globallith | -3% | 19% | 26% | 363% | 1.735 | $267,406,561.36 |
| AAJ | Aruma Resources Ltd | -3% | 1% | -22% | -6% | 0.068 | $10,516,420.70 |
| VUL | Vulcan Energy | -3% | 2% | -8% | -39% | 7.93 | $1,115,148,641.78 |
| INR | Ioneer Ltd | -3% | 18% | 26% | 36% | 0.66 | $1,321,824,467.88 |
| REE | Rarex Limited | -3% | -8% | -39% | -34% | 0.061 | $33,625,665.74 |
| AML | Aeon Metals Ltd. | -3% | 7% | -38% | -46% | 0.03 | $32,802,923.19 |
| EFE | Eastern Resources | -3% | 22% | -41% | 150% | 0.03 | $30,201,921.00 |
| WIN | Widgienickellimited | -3% | -15% | -9% | 0% | 0.3 | $70,056,000.00 |
| EVR | Ev Resources Ltd | -3% | 7% | -41% | 4% | 0.029 | $27,779,522.13 |
| NVA | Nova Minerals Ltd | -3% | -3% | 39% | -26% | 0.85 | $155,874,976.53 |
| RFR | Rafaella Resources | -4% | 8% | -51% | -66% | 0.027 | $7,582,243.92 |
| KOB | Kobaresourceslimited | -4% | -10% | 0% | 0% | 0.135 | $7,800,000.00 |
| NIC | Nickel Industries | -4% | -6% | -33% | 2% | 1.02 | $2,772,242,599.46 |
| ARN | Aldoro Resources | -4% | 23% | -34% | -55% | 0.245 | $24,398,892.67 |
| QEM | QEM Limited | -4% | 10% | 53% | 48% | 0.23 | $27,520,586.94 |
| PAN | Panoramic Resources | -4% | 18% | -12% | 18% | 0.23 | $481,964,790.94 |
| CZL | Cons Zinc Ltd | -4% | 16% | -8% | -27% | 0.022 | $8,521,871.89 |
| MRC | Mineral Commodities | -4% | -4% | -29% | -45% | 0.085 | $42,839,250.72 |
| EUR | European Lithium Ltd | -5% | 8% | -9% | 8% | 0.083 | $113,419,373.18 |
| CNJ | Conico Ltd | -5% | 114% | 422% | -37% | 0.062 | $91,496,376.97 |
| CWX | Carawine Resources | -5% | -9% | -53% | -55% | 0.1 | $13,783,434.70 |
| JMS | Jupiter Mines. | -5% | 0% | -11% | -22% | 0.2 | $382,003,251.44 |
| TMB | Tambourahmetals | -5% | -18% | -33% | -28% | 0.1475 | $6,384,852.69 |
| A8G | Australasian Metals | -5% | 16% | -36% | 71% | 0.29 | $11,939,443.26 |
| LEG | Legend Mining | -5% | -28% | -41% | -52% | 0.038 | $104,695,157.40 |
| PAM | Pan Asia Metals | -5% | 28% | -4% | 207% | 0.46 | $35,481,716.16 |
| AX8 | Accelerate Resources | -5% | 3% | -14% | -8% | 0.036 | $9,736,520.36 |
| AZL | Arizona Lithium Ltd | -6% | 8% | -31% | 113% | 0.083 | $197,367,896.00 |
| AZL | Arizona Lithium Ltd | -6% | 8% | -31% | 113% | 0.083 | $197,367,896.00 |
| LRV | Larvottoresources | -6% | 23% | 32% | 0% | 0.245 | $9,552,475.00 |
| AZS | Azure Minerals | -6% | -6% | -45% | -38% | 0.2025 | $63,700,822.81 |
| HXG | Hexagon Energy | -6% | -6% | -67% | -79% | 0.016 | $8,206,654.42 |
| ADV | Ardiden Ltd | -6% | -6% | -33% | -38% | 0.008 | $21,346,682.85 |
| PEK | Peak Rare Earths Ltd | -6% | 3% | -32% | -45% | 0.47 | $96,417,069.71 |
| GRE | Greentechmetals | -6% | 9% | -8% | 0% | 0.235 | $8,758,399.72 |
| AR3 | Austrare | -6% | -14% | -54% | -65% | 0.38 | $37,128,605.28 |
| AVL | Aust Vanadium Ltd | -6% | 2% | 32% | 96% | 0.045 | $174,414,354.31 |
| PUR | Pursuit Minerals | -6% | -12% | -25% | -75% | 0.015 | $13,906,188.72 |
| S2R | S2 Resources | -6% | 0% | -17% | 12% | 0.145 | $49,892,479.70 |
| GBR | Greatbould Resources | -7% | 9% | -32% | 15% | 0.098 | $42,287,217.30 |
| SRZ | Stellar Resources | -7% | -13% | -44% | -42% | 0.014 | $13,512,766.76 |
| NC1 | Nicoresourceslimited | -7% | -1% | 35% | 0% | 0.83 | $72,977,751.66 |
| IG6 | Internationalgraphit | -7% | 24% | 0% | 0% | 0.34 | $26,891,075.64 |
| LYC | Lynas Rare Earths | -7% | -2% | -16% | 33% | 8.555 | $7,968,294,021.82 |
| BSX | Blackstone Ltd | -7% | -5% | -53% | -57% | 0.2 | $92,278,918.88 |
| RNU | Renascor Res Ltd | -7% | -10% | -24% | 58% | 0.19 | $411,249,190.75 |
| TEM | Tempest Minerals | -7% | -5% | 65% | 114% | 0.038 | $18,171,582.34 |
| 1MC | Morella Corporation | -8% | 33% | 26% | -62% | 0.024 | $138,375,498.86 |
| NVX | Novonix Limited | -8% | -18% | -54% | -44% | 2.32 | $1,080,429,386.88 |
| RXL | Rox Resources | -8% | -10% | -47% | -42% | 0.23 | $39,701,122.55 |
| EMN | Euromanganese | -8% | 0% | -18% | -44% | 0.345 | $89,083,753.15 |
| NWC | New World Resources | -8% | 0% | -39% | -43% | 0.034 | $66,488,501.59 |
| CRR | Critical Resources | -8% | -4% | -39% | 105% | 0.045 | $63,984,655.28 |
| LKE | Lake Resources | -8% | 37% | 23% | 102% | 1.11 | $1,480,322,000.09 |
| KGD | Kula Gold Limited | -8% | -18% | -50% | -60% | 0.022 | $4,733,863.90 |
| LRS | Latin Resources Ltd | -8% | 41% | 206% | 156% | 0.11 | $214,555,276.54 |
| AOU | Auroch Minerals Ltd | -8% | 8% | -35% | -61% | 0.065 | $24,493,378.73 |
| FTL | Firetail Resources | -8% | 4% | 0% | 0% | 0.27 | $17,299,100.00 |
| VMC | Venus Metals Cor Ltd | -9% | -9% | -6% | -6% | 0.16 | $26,412,982.70 |
| TNG | TNG Limited | -9% | 21% | 72% | 33% | 0.105 | $145,783,913.31 |
| PGM | Platina Resources | -9% | -3% | -42% | -57% | 0.031 | $17,313,125.50 |
| SRI | Sipa Resources Ltd | -9% | 8% | -20% | -38% | 0.041 | $8,406,016.92 |
| FG1 | Flynngold | -9% | 6% | -39% | -43% | 0.1 | $6,726,410.25 |
| AUZ | Australian Mines Ltd | -9% | 10% | -49% | -67% | 0.079 | $36,559,679.60 |
| JRL | Jindalee Resources | -9% | 1% | -6% | -32% | 2.45 | $145,742,573.64 |
| QPM | Queensland Pacific | -9% | 0% | 12% | -19% | 0.145 | $226,723,904.00 |
| KOR | Korab Resources | -9% | 38% | -33% | 71% | 0.029 | $9,910,350.00 |
| EGR | Ecograf Limited | -10% | 20% | -32% | -57% | 0.365 | $162,120,045.24 |
| BEM | Blackearth Minerals | -10% | -3% | -10% | -28% | 0.09 | $25,412,544.87 |
| POS | Poseidon Nick Ltd | -10% | -2% | -44% | -54% | 0.053 | $159,325,895.35 |
| TON | Triton Min Ltd | -10% | -7% | -13% | -28% | 0.026 | $32,728,388.60 |
| BOA | Boadicea Resources | -10% | -21% | -33% | -35% | 0.13 | $10,877,985.30 |
| PSC | Prospect Res Ltd | -10% | -22% | 125% | 435% | 0.094 | $44,839,167.81 |
| RAG | Ragnar Metals Ltd | -11% | 0% | 50% | 2% | 0.042 | $16,684,135.12 |
| FGR | First Graphene Ltd | -11% | -7% | -31% | -39% | 0.125 | $68,918,338.92 |
| PGD | Peregrine Gold | -11% | 76% | 51% | 90% | 0.74 | $27,685,912.54 |
| IPT | Impact Minerals | -11% | -11% | -25% | -37% | 0.008 | $19,850,964.45 |
| ENV | Enova Mining Limited | -11% | 0% | -20% | -33% | 0.016 | $5,875,440.99 |
| SUM | Summitminerals | -11% | 0% | 0% | 0% | 0.16 | $3,956,408.00 |
| CMX | Chemxmaterials | -12% | 23% | 0% | 0% | 0.19 | $8,833,313.94 |
| ESR | Estrella Res Ltd | -12% | -6% | -42% | -62% | 0.015 | $21,239,446.29 |
| CHR | Charger Metals | -12% | -3% | -21% | -6% | 0.475 | $15,150,181.28 |
| RAS | Ragusa Minerals Ltd | -12% | 229% | 317% | 229% | 0.25 | $31,517,796.66 |
| EMS | Eastern Metals | -13% | -10% | -31% | 0% | 0.135 | $5,025,312.50 |
| FRB | Firebird Metals | -13% | 0% | -38% | -57% | 0.2 | $13,077,561.60 |
| CZN | Corazon Ltd | -14% | 0% | -32% | -49% | 0.019 | $12,206,611.14 |
| PRL | Province Resources | -15% | 15% | 5% | -21% | 0.115 | $129,964,245.73 |
| RBX | Resource B | -16% | -19% | -42% | -38% | 0.105 | $4,302,532.19 |
| MAN | Mandrake Res Ltd | -17% | 22% | -2% | -25% | 0.045 | $22,448,996.64 |
| ARR | American Rare Earths | -17% | -11% | -36% | 23% | 0.2275 | $99,985,679.78 |
| AKN | Auking Mining Ltd | -17% | -21% | -50% | -46% | 0.091 | $9,568,762.66 |
| MTM | Mtmongerresources | -18% | 29% | -18% | -31% | 0.135 | $5,438,954.79 |
| SLZ | Sultan Resources Ltd | -19% | 16% | -31% | -33% | 0.11 | $9,161,282.79 |
| LSR | Lodestar Minerals | -19% | 0% | -46% | -28% | 0.0065 | $12,169,061.44 |
| CLZ | Classic Min Ltd | -20% | -51% | -88% | -88% | 0.0175 | $4,131,222.82 |
Weekly small cap standouts
WHITE CLIFF MINERALS (ASX:WCN)
This battery metals/critical minerals explorer is on the ground at the early stage Yinnetharra rare earths and lithium project in WA, where a new batch of “expedited” rock chip samples returned results up to 780ppm rare earths.
That’s positive, the company says, as it works to dial in on the primary source of mineralisation.
More sample results are on their way.
“Our knowledge of Yinnetharra is growing at an exponential rate, with a small batch of positive rock chip results returned for REEs, and with regional success from pairs for thorium anomalies adding to our exploration model, we are starting to grasp the exploration potential from a project area that has had in essence, no exploration,” technical director Ed Mead says.
“With positive REEs responses in assays from strongly altered rocks, on the periphery of thorium responses from recently reprocessed coarse data, our understanding and targeting is improving.”
This lithium play is on a hot streak.
On Monday last week, ASN increased resources at the Paradox lithium brine project in southern Utah by 324% to 788,300t of lithium carbonate equivalent (LCE), paving the way for development.
On Thursday, the share price hit all-time highs after a non-binding deal was inked with global direct lithium extraction (DLE) leader Sunresin to develop a full-scale commercial lithium plant at Paradox.
DLE tech promises to produce cheaper, higher quality, and more environmentally friendly lithium than incumbent processes.
ASN says Sunresin’s DLE technology works — it has already been commercialised at four operating projects. A further six are under construction or under contract in China and South America.
Since November 2021, Sunresin has worked with global engineering firm, Worley, on the Paradox Definitive Feasibility Study (DFS), which will be released soon.
ASN is targeting stage 1 production of 10,000tpa battery grade carbonate.
Stockhead columnist Barry Fitzgerald picked DTM as the ‘most under the radar ASX lithium stock right now’ having recently signed up Chile’s lithium king SQM to a lithium joint venture at its Dorchap project in northeast Victoria.
$US28 billion market cap SQM is one of the big three in the lithium business.
It is best known for its JV with Wesfarmers (ASX:WES) in the $US700m integrated development of the Mt Holland lithium project in WA.
